DeFi ✓LaunchBar Newsroom 📅 October 25, 2026 at 12:00 AM ⏱ 2 min

LIT Crashes 11%: Can $2.2M Buybacks Trigger a Rebound?

Lighter’s LIT token dropped roughly 11%, but traders are still accumulating spot exposure while the decentralized perpetual exchange’s $2.2M buyback program offers a potential rebound catalyst.

Perpetual-market netflows fell by $2.4M in 24 hours, signaling reduced risk appetite.
Long liquidations reached $999,000, nearly 10x short liquidations at $87,000.
Spot traders bought approximately $521,009 worth of LIT; funding remained positive at 0.0055%.

LaunchBar take: LIT is caught between forced long unwinds and genuine spot demand. The buybacks could amplify a bounce, but traders should wait for selling pressure to cool before chasing leverage.

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